EU's Rapid Progress Towards Renewable Gas Goals: Biomethane and Hydrogen Leading the Way
Key Ideas
  • EU has made significant progress in biomethane production, with a 3.4 billion cubic meters increase from 2018 to 2022, driving industrial development and investments.
  • Hydrogen also sees advancements, with a nearly complete legal framework in place for the European economy, and rules for calculating greenhouse gas emission savings expected to be presented soon.
  • European hydrogen bank is established, with plans for a €1.2 billion auction to further promote renewable hydrogen production, aiming to reduce CO2 emissions by 10 million tons.
  • The EU has expanded its reach in the hydrogen sector by signing memoranda of understanding with several countries and is positioned as a leader in the transition to renewable gas.
The European Union has made remarkable progress in its energy revolution, particularly in the realms of biomethane and hydrogen. Energy Commissioner Kadri Simson acknowledges the substantial advancements made over the past five years. Biomethane production in the EU has more than doubled to 3.4 billion cubic meters, leading to accelerated industrial developments and investments. The establishment of an industrial partnership on biomethane aims to meet the 2030 targets and explore further potential for 2050. In the realm of hydrogen, a comprehensive legal framework is in place, with impending rules on greenhouse gas emission savings calculation. The European hydrogen bank, operational since September 2022, has already gathered momentum with an €800 million auction and plans for a €1.2 billion auction by year-end. This initiative aims to produce renewable hydrogen and reduce CO2 emissions significantly. The EU's global presence in the hydrogen sector is expanding, with memoranda of understanding signed with various countries, solidifying Europe's position as a leader in renewable gas transition.
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